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4231 W 180th Street Torrance, CA 90504

4 Beds 3 Baths 1,401 sqft Built 1951

$889,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $634.55
  • 5 Days on Market
  • MLS # : AR21061685
  • Updated Date : 03/27/2021 at 11:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,401 sqft
  • Baths : 3 full
Listing Agent

Century 21 Inverness Realty

Listing Agent's Description

NEWLY taped living area 1401 SqFt 4 BEDROOMS 3 FULL BATHROOMS single family home under $900K in ALL OF TORRANCE. 2 MASTER bedrooms, other 2 bedrooms share 1 bathroom. Upgraded kitchen with granite counter top, and wide plank dark wood laminate floors throughout is an absolute must see. Nice flat yard, gated iron door leads to a descent size back yard. Direct access from the garage to living room. The Pequeno Park/playground that is just one more house down the street. Close to South Bay Galleria and a lots of restaurants, 0.5 mile/10 minutes by walk to Magruder Middle School and Columbia Park, 0.6 mile/12 minutes by walk to Edison Elementary School, 0.7 mile/14 minutes by walk to North High School. (Taped Living Area Records Attached As Supplement FYR)

SEE MORE

MARKET HIGHLIGHTS

  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • As part of Southern California area, Los Angeles market inherits all the benefits from the area.
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700k750kPrice in $187k779k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Northwest Torrance

NeighborhoodNIR Market*CityMarket2010Year2000 Q42019 Q218002000220024002600280030003200Rent in $16333321

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Edison Elementary School Primary Regular 528 20 8
Philip Magruder Middle School Middle Regular 588 21 8
North High School High Regular 1,956 75 9

Edison Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 20
8
GreatSchools Rating

Philip Magruder Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 21
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 1,956
  • # of teachers: 75
9
GreatSchools Rating
 

$800,100$977,900$889,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,088
Property Tax -$862
Property Insurance -$63
Property Management Fees -$136
CASH FLOW
-$1,378

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$889,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.48%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,088

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$83

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,770

    LIST RENT
  • $1.85

    LIST RENT PER SQFT
  • $3,316

    COMP ESTIMATED VALUE
  • $2.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$3,0003$3,2004$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 4231 W 180th Street Torrance, CA 1
    • 4 beds 3 baths ∙ 1,497 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,497 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $1.85
    •  
  • 4540 W 170th Lawndale, CA 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1951
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.14
    •  
  • 3601 W 182nd Street Torrance, CA 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1953
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.13
    •  
  • 4155 W 169th Street Lawndale, CA 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1947
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $2.27
    •  
  • 3834 W 181st Street Torrance, CA 5
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1963
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $2.32
    •  
PROPERTY LISTING DETAILS
Diane Chang
Century 21 Inverness Realty
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: AR21061685
Last Updated: 03/27/2021
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